Wall Street analysts expect that Interpublic Group of Companies Inc (NYSE:IPG) will report $0.46 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Interpublic Group of Companies’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.45. Interpublic Group of Companies reported earnings of $0.31 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 48.4%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 23rd.

On average, analysts expect that Interpublic Group of Companies will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.70 to $1.75. For the next fiscal year, analysts anticipate that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.78 to $1.87. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 24th. The business services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. Interpublic Group of Companies had a return on equity of 28.53% and a net margin of 6.75%. Interpublic Group of Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS.

A number of equities research analysts recently commented on the company. ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Moffett Nathanson assumed coverage on Interpublic Group of Companies in a research report on Tuesday, June 19th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, Pivotal Research lowered their price target on Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Tuesday, July 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.10.

In related news, CFO Frank Mergenthaler sold 50,000 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total value of $1,123,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.32% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal London Asset Management Ltd. purchased a new stake in Interpublic Group of Companies in the 2nd quarter worth about $3,978,000. Advisors Asset Management Inc. boosted its stake in Interpublic Group of Companies by 232.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 43,241 shares of the business services provider’s stock worth $1,014,000 after purchasing an additional 30,215 shares during the period. Jane Street Group LLC bought a new position in Interpublic Group of Companies in the 2nd quarter worth about $1,591,000. Glenmede Trust Co. NA boosted its stake in Interpublic Group of Companies by 12,133.8% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,606,423 shares of the business services provider’s stock worth $37,654,000 after purchasing an additional 1,593,292 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Interpublic Group of Companies by 105.6% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 26,672 shares of the business services provider’s stock worth $625,000 after purchasing an additional 13,700 shares during the period. 99.72% of the stock is owned by institutional investors.

NYSE IPG traded up $0.01 on Wednesday, reaching $22.36. The company had a trading volume of 2,026,600 shares, compared to its average volume of 4,455,762. The firm has a market capitalization of $8.72 billion, a P/E ratio of 15.83, a PEG ratio of 1.71 and a beta of 1.20. Interpublic Group of Companies has a 52-week low of $18.30 and a 52-week high of $26.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, August 31st. Interpublic Group of Companies’s dividend payout ratio is presently 59.57%.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Earnings History and Estimates for Interpublic Group of Companies (NYSE:IPG)

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